Question

write the importance of the law of equi-marginal utility​

Answer 1

Answer:

It explains the behavior of a consumer when he consumes more than one commodity. The law states that a consumer should spend his limited income on different commodities in such a way that the last rupee spent on each commodity yield him equal marginal utility in order to get maximum satisfaction.

Explanation:

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Answer 2

Explanation:

it explains the behaviour of a consumer when he consumes more than one commodity. the law states that a consumer should spend his limited income on different commodities in such a way that the last rupee spent on each commodity yield him equal marginal utility in order to get maximum satisfaction